The Wisconsin Realtors' Association (WRA) has recently reported that home values for July through September of 2007 remained steady, even though sales slowed. And home sales in Wisconsin were off 9.8 per cent for the same period, while sales dropped 13.7 per cent nationwide.
A few other encouraging statistics for Wisconsin home sellers:
In the third quarter of 2007, residential home values increased 2.4 per cent in Wisconsin.
Wisconsin's statewide foreclosure rate is close to one per one thousand households. By contrast, the national foreclosure rate is one in 555.
Prices for lakeshore are stable or even increasing in some areas. Wisconsin's recreational real estate market is a bright spot among other sales categories.
What's the core reason for all the positive news about Wisconsin real estate markets? WRA economist David Clark suggests that Wisconsin home prices weren't rising as rapidly in recent years as they were in other markets, such as Florida and the desert southwest. The market is also likely benefiting from Wisconsin's robust and diversified economy.